Nissan, Carlos Ghosn fined by US authorities for hiding pay

According to the SEC, the troubles for Nissan began in 2004 when it granted Carlos Ghosn, its then-CEO, the authority to set executive compensation, including his own. The commission believes between 2009 and his arrest in 2018, Ghosn "with substantial assistance from [director Greg] Kelly and subordinates at Nissan" hid US$90 million ($133 million) in pay from official filings, and increase Ghosn's retirement bonus by US$50 million ($74 million).

Comments

Popular posts from this blog

JLR: Consumer confidence on the rise post-election

Teacher accused of using rented Toyota Supra for land-speed record attempt

Donald Trump’s Lamborghini Diablo sets new auction price record

Honda confirms NSX successor in the works

Most anticipated new cars of 2018

2022 Nissan Qashqai and Pathfinder delayed, Juke and X-Trail production cut

How many cupholders are too many? | Drive Flashback

2018 Ford Mustang pricing and specs

Tesla cars to be banned from Chinese government buildings amid security fears — report

Bear Grylls’ SAS Gulf War buggy for sale, with optional machine gun